Exchange Rate Enters A Delicate Stage And Export Enterprises Change To Win.

On the 13 day, the central parity of RMB against the US dollar was rewritten to 6.8628 yuan.

So far, since July 30th, the US dollar has rebounded strongly for 11 consecutive trading days, and has continued to appreciate by more than 1 hundred points.

Observers believe that since the RMB exchange rate has experienced more than 3 years of continuous climb since the reform, overseas markets have already had a psychological expectation of the RMB exchange rate going into a "gentle period" with two tone fluctuations as the keynote. How does this stone lion treat as a big export market?

4 cents are not many, the most important thing is a signal.

On the 12 day, when the RMB exchange rate against the US dollar appeared "ten consecutive Yin", Shi Shi, a well-known exporter, calculated that if the foreign currency was settled at the exchange rate of 6.8628 yuan at the time, it would receive more than 4 yuan per export dollar, which would not be a small sum for many export enterprises.

In the second half of the year, it is the peak season for export.

In addition, the export tax rebate rate increased by 2 percentage points, and Shishi textile and garment export enterprises benefited more in the second half of the year.

What is important is that it also sends a signal to the industry that the renminbi is not going to rise indefinitely.

Shishi is a large export city, and exports account for half of the city's total industrial output value.

According to international practice, the vast majority of the international market is currently settled in US dollars, so the exchange rate between the RMB and the US dollar has a direct impact on the export earnings of Shishi.

This year, Shishi export faces many difficulties, among which RMB appreciation factor is at the forefront.

At present, the uncertainty brought by the continued appreciation of the renminbi has been reduced, and the pressure on the export enterprises of Shishi has eased somewhat.

Subtle changes reveal the effectiveness of national policies.

"Although this change is a wave band, it is not entirely accidental that it shows the fine-tuning effect of the policy."

Yesterday, the relevant people of the Municipal Bureau of foreign trade and economic analysis said:

The State Council formally issued the new regulation on foreign exchange administration on the 6 th of this month, and revised the original foreign exchange control regulations promulgated in 1996 and revised in 1997.

The new regulation revised the unilateral management of accumulated foreign exchange in the past to promote balanced management of international balance of payments, abolish mandatory foreign exchange settlement and establish an emergency payment guarantee mechanism for international payments in an emergency period.

The change of the foreign exchange management objective will undoubtedly increase the difficulty of cross border arbitrage of hot money, ease the pressure on the continuous growth of foreign exchange reserves, and at the same time, weaken the expectation of RMB's continued strong appreciation. This will create a more opportune time for the RMB exchange rate to further enhance its elasticity.

It can be seen that the RMB exchange rate is entering a delicate period. In the past, the appreciation of a single direction and the strong appreciation of the market are expected to fade away.

This delicate change will undoubtedly be more predictable for export enterprises, including Shishi.

"In the past, we did not know when the renminbi rose to the top and did not know when to rise. Now that we are entering a moderate period of two-way volatility, the renminbi is no longer a one-way strong appreciation."

Yesterday afternoon, Cai Xiu, a well-known export garment company, said: "no matter the order or production, the bottom of the mind is more."

Combination of length and speed, rapid development and rapid development

Faced with this delicate change, Shishi export enterprises should actively grasp, but we should not think that "the situation is very good."

First of all, after the rapid development of China's economy and the enhancement of comprehensive national strength, the appreciation of RMB is the trend of the times. Secondly, even if the appreciation of the US dollar makes China's export enterprises gain more foreign exchange earnings, foreign businessmen will also give him another balance.

Therefore, it is believed that the Shishi enterprises should pay close attention to the production and delivery of orders, and strive to strive for settlement as soon as possible, and strive to enjoy the benefits of this export environmental change as soon as possible.

The export enterprises of stone lions should also focus more on the long-term development, strengthen the understanding of the export environment and the changes in the international monetary market, improve the ability of analysis and prediction and rapid reaction of the enterprises, strive to keep up with the rhythm of exchange rate and export environment change, and learn to win the victory.